Deadly NYC Crane Collapse Insurance Challenged
New York’s top court says misrepresentations on insurance forms by the operator of a crane involved in a deadly collapse four years ago could also limit coverage for the developer and builder.
4 Northeastern Agencies Join Strategic Insurance Agency Alliance
The Strategic Insurance Agency Alliance (SIAA) said four new agencies in the Northeast region joined the partnership in May.
USI Acquires Lynch, Beretta and Bucci Insurance in Rhode Island
USI Insurance Services completed the acquisition of Lynch, Beretta and Bucci Insurance, a Pawtucket, R.I.-based P/C insurance agency that specializes in a wide range of personal lines, commercial lines and specialty products, including Rhode Island contractors and restaurant insurance. Terms …
Call to End NYC Carriage Horse Rides Renewed After SUV Crash Incident
A renewed push is under way in New York City to ban horse-drawn carriages after a horse was recently injured in an accident with an SUV.Carriage rides through Central Park are a staple of city tourism, but for years now, …
Borch Joins Beecher Carlson Captive Unit in Vermont
Atlanta-based insurance brokerage and risk management firm Beecher Carlson has named John Borch as an accounting manager in its National Captive Practice. He will be based in the company’s Burlington, Vermont office and report to Peter A. Kranz, senior vice …
Fines Proposed for Ignoring Penn. Flooding Roadblock
State lawmakers are considering a bill that would penalize drivers who ignore roadblocks and plunge their vehicles into flooded roadways, endangering their lives and taxing local rescuers.The bill would levy a $250 to $500 fine for violations along with two …
Towers Watson Exec Joins Marsh & McLennan’s Mercer Division
New York-headquartered Marsh & McLennan Companies appointed Rian Miller as general counsel of Mercer, a human resource consulting subsidiary.Miller was most recently with Towers Watson, where she served as managing counsel for risk and litigation since 2010. She joined predecessor …
New York City Pension Fund Sues Wal-Mart Over Mexican Bribery Allegations
New York City’s pension funds on Monday became the latest group to file a derivative lawsuit against Wal-Mart Stores Inc. based on reported allegations of bribery in Mexico and a possible cover-up by Wal-Mart officials. The suit, filed in Delaware …
Delaware Chancery Court Allows Derivative Suit Vs. Botox Directors
Directors of Allergan Inc. must face a lawsuit over $600 million in fines the company paid for misbranding its Botox treatment to smooth out wrinkles, a Delaware judge ruled, in a decision that could affect securities litigation in that state. …
Maine Man Sentenced for Insurance Theft
A Maine man recently convicted of federal gun charges has pleaded no contest in state court to insurance fraud charges for burning down his house.Joseph T. Smith of Township 6 pleaded no contest last week to a charge of theft …
